Japan becomes second Quad partner to sign semiconductor pact with India

Japan becomes second Quad partner to sign semiconductor pact with India

• In a significant move, India and Japan have solidified their partnership by signing an agreement to jointly develop the semiconductor ecosystem. The deal aims to bolster the resilience of the global supply chain, particularly in the crucial semiconductor industry. This marks Japan as the second Quad partner, after the United States, to join hands with India in this endeavor.
• Japan’s prominence in the semiconductor industry cannot be understated. With approximately 100 semiconductor manufacturing plants, it stands among the top five countries with a robust semiconductor ecosystem.
• As the semiconductor industry is projected to grow from USD 650 billion to a staggering USD 1 trillion, it necessitates significant talent growth across multiple locations worldwide.
• Japan recognizes India’s complementary strengths and envisions a mutually beneficial partnership.

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Published date : 24 Jul 2023 06:34PM